Swiss National Bank Sells 12,100 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Swiss National Bank lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 0.2% in the first quarter, HoldingsChannel reports. The fund owned 5,639,274 shares of the pipeline company’s stock after selling 12,100 shares during the period. Swiss National Bank’s holdings in Kinder Morgan were worth $160,888,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC lifted its stake in shares of Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $26,000. Morse Asset Management Inc bought a new position in Kinder Morgan during the 4th quarter valued at approximately $27,000. Heck Capital Advisors LLC bought a new position in Kinder Morgan during the 4th quarter valued at approximately $29,000. Finally, JNBA Financial Advisors raised its position in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 870 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Royal Bank Of Canada upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 29th. Scotiabank upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Friday, July 18th. Stifel Nicolaus upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a “hold” rating in a research report on Tuesday, June 3rd. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.13.

Insider Buying and Selling

In other Kinder Morgan news, Director Amy W. Chronis bought 2,759 shares of Kinder Morgan stock in a transaction on Monday, July 28th. The stock was acquired at an average price of $27.21 per share, with a total value of $75,072.39. Following the acquisition, the director owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the sale, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,715 shares of company stock worth $3,081,245 over the last three months. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $26.89 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $59.75 billion, a P/E ratio of 22.04, a PEG ratio of 3.37 and a beta of 0.78. The stock’s 50 day moving average is $27.89 and its 200 day moving average is $27.46. Kinder Morgan, Inc. has a twelve month low of $20.56 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 EPS. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be paid a $0.2925 dividend. The ex-dividend date is Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.